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Greenwave Technology Solutions cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$370K in Q2 2026 · −$2.1M over twelve months

Operating cash flow−$370K
Free cash flow−$370K
Cash conversion cycle10 days

Analysis

In Q2 2026, Greenwave Technology Solutions generated −$370K of operating cash flow. That is $1.0M less than in Q2 2025 ($660K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$2.1M; the largest uses were other financing ($2.3M), operating cash flow ($2.1M), other investing ($1.4M); besides operations, cash came from asset & business sales ($1.1M); the cash balance fell by $4.6M.

Operating cash flow was −$370K against net income of −$3.2M. The largest differences: depreciation & amortization +$2.2M, accrued liabilities +$2.0M, prepaid and other assets −$1.1M.

Its cash conversion cycle was 10 days (receivables 9 + inventory 27 − payables 25).

Free cash flow

Greenwave Technology Solutions: free cash flow by quarterGreenwave Technology Solutions: free cash flow by quarter−$671KQ3 2024−$2.5MQ4 2024−$4.4MQ1 2025$660KQ2 2025−$2.9MQ3 2025−$115KQ4 2025$1.3MQ1 2026−$370KQ2 2026
Operating cash flow less capital spending.
Greenwave Technology Solutions: operating cash flow against capital spendingGreenwave Technology Solutions: operating cash flow against capital spendingOperating cash flowCapital spending−$671K$0Q3 2024−$2.5M$0Q4 2024−$4.2M$210KQ1 2025$1.2M$571KQ2 2025−$2.9M$0Q3 2025−$115K$0Q4 2025$1.3M$65KQ1 2026−$370K$0Q2 2026
Latest (Q2 2026): Operating cash flow −$370K, Capital spending $0.

Capital allocation, year by year

Greenwave Technology Solutions: where the cash came from (up) and went (down), by fiscal yearGreenwave Technology Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$2.5MFY2021: Net borrowing $25.2MFY2021: Capital spending −$219K$25.2MFY2021FY2022: Operating cash flow −$2.6MFY2022: Net borrowing −$222KFY2022: Capital spending −$5.9MFY2022FY2023: Operating cash flow −$1.8MFY2023: Net borrowing $13.1MFY2023: Shares issued $2.8MFY2023: Capital spending −$1.8M$16.0MFY2023FY2024: Operating cash flow −$17.3MFY2024: Net borrowing −$1.5MFY2024: Shares issued $40.4M$40.4MFY2024FY2025: Operating cash flow −$6.0MFY2025: Shares issued $10.5MFY2025: Asset sales $1.1M$11.6MFY2025
Over these 5 years operating cash flow totalled −$30.2M; the largest uses were operating cash flow ($30.2M) and capital spending ($7.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$655K
Debt$12.4M
Net debt$11.8M
Due within a year$7.4M
Cash runway4 months

Greenwave Technology Solutions is burning cash: its operations consume cash, a free cash flow of −$2.1M a year at the current rate against $655K of cash and investments: a runway of about 4 months; $7.4M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Greenwave Technology Solutions: debt maturities by year (FY2025)Greenwave Technology Solutions: debt maturities by year (FY2025)$7.4MYear 1$1.5MYear 2$1.5MYear 3$1.3MYear 4$3.1MAfter year 5
Principal due in each year as disclosed in the annual report, against $655K of cash and investments now.

Where the cash came from and went

Greenwave Technology Solutions: sources (+) and uses (−) of cash, Q2 2026Greenwave Technology Solutions: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$808KOther financing−$437KOperating cash flow−$370K
Greenwave Technology Solutions: sources (+) and uses (−) of cash, TTM to Q2 2026Greenwave Technology Solutions: sources (+) and uses (−) of cash, TTM to Q2 2026Cash drawn (+) / kept (−)$4.6MOther financing−$2.3MOperating cash flow−$2.1MOther investing−$1.4MAsset & business sales$1.1M

From profit to cash

Greenwave Technology Solutions: net income to operating cash flow, Q2 2026Greenwave Technology Solutions: net income to operating cash flow, Q2 2026Net income−$3.2MDepreciation & amortization$2.2MReceivables−$165KInventory−$598KAccrued liabilities$2.0MEmployee-related liabilities−$2KPrepaid and other assets−$1.1MOperating cash flow−$370K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20269272510
Q1 2026723264
Q4 20259181710
Q3 202515201915
Q2 202519292028
Q1 202522874861
Q4 202417514920
Q3 20241530441

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$370K——$808K−$370K
Q1 2026$1.3M−$65K—−$527K$1.3M
Q4 2025−$115K——$515K−$115K
Q3 2025−$2.9M——$3.8M−$2.9M
Q2 2025$1.2M−$571K−$958K$210K$660K
Q1 2025−$4.2M−$210K−$2.3M−$2.9M−$4.4M
Q4 2024−$2.5M——$12.6M−$2.5M
Q3 2024−$671K——$9.1M−$671K

Greenwave Technology Solutions: income statement and cash flow

Greenwave Technology Solutions, Q2 2026: revenue $16.0M (+46% year over year), operating margin -17.8%. The chart follows the revenue to costs, profit and cash.

Greenwave Technology Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.